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Chicopee 01020
40 Shaban Dr
$370,000
● House - Off Market

40 Shaban Dr

Chicopee, MA 01020
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,948 Ft²
$2,248
Est. Monthly

About This Property

Nestled in a desirable Chicopee cul-de-sac, this well-maintained raised ranch offers both comfort and style. Step into the spacious lower-level family room, featuring a cozy gas fireplace – perfect for gathering with family and friends. The updated kitchen, along with the refreshed upstairs wood flooring in the living room and hallway (2016), brings a modern touch to this inviting home. A remodeled bathroom on the lower level (2016) and new basement carpeting (2023) add to its appeal. Designed for easy living, this home includes central vacuum and heated gutters, making maintenance a breeze. Enjoy the airy three-season sunroom and step outside to the covered patio, complete with a built-in grill and ample entertaining space. This home is a perfect retreat with thoughtful updates throughout!
Unit Size
1,948 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$193
Property Type
House
Property Taxes
$406
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73307474)

Price History

Date / Event Date Event Price
Jan 27, 2025 Sold
Premium
Sold
Dec 9, 2024 In contract -
In contract
Oct 29, 2024 Listed by Coldwell Banker Realty - Western MA $375,000
Listed by Coldwell Banker Realty - Western MA
Aug 26, 2016 Sold
Premium
Sold
May 15, 2016 Listed by Coldwell Banker Realty - Western MA $249,900
Listed by Coldwell Banker Realty - Western MA
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 400
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,935
  • Total Building Area: 1,132
  • Gross Building Area: 2,720
  • Building Area: 1,132
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,132
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000251
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chicopee School District
  • School Tax School District: CHICOPEE SD
  • Census Tract: 811302

Zoning

  • Zoning: 7

Geography

  • Account Number: 674-00029
  • Parcel: CHIC M:0674 P:00029
  • Municipality: CHICOPEE
  • Latitude: 42.2008
  • Longitude: -72.5652

    Address

  • Full Address: 40 Shaban Dr
  • Address - House Number: 40
  • Address - Street Name: Shaban
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C047
  • 4-Digit Zip Code: 4210
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $487,200

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 360,645
  • High Value: 428,042
  • Low Value: 293,248

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $330,100
  • Assessed Land Value: $109,100
  • Assessed Improvements Value: $221,000

    Sales

  • Current Sale Recording Date: Aug 26, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 50632
  • Previous Sale Recording Date: Aug 31, 2005
  • Previous Sale Amount: $274,900
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Chicopee

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1787 ft²

Average Home Age

81.1 years

Currently For Sale

62 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73307474

Frequently Asked Questions

When was property at 40 Shaban Drive built and last sold?
The property at 40 Shaban Drive was built in 1976 and last sold on Jan 1, 1970 for $220,000.
How much is this home worth?
The estimated value of the home located at 40 Shaban Drive is $370,648.
What are some comparable homes to 40 Shaban Drive?
There are currently no comparable homes to 40 Shaban Drive.
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